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BTIG Sticks to Its Buy Rating for Synchrony Financial (SYF)

Tipranks - Tipranks - Fri Mar 13, 7:30AM CDT

In a report released yesterday, Vincent Caintic from BTIG maintained a Buy rating on Synchrony Financial, with a price target of $96.00. The company’s shares closed yesterday at $65.21.

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According to TipRanks, Caintic is an analyst with an average return of -0.6% and a 44.27% success rate. Caintic covers the Financial sector, focusing on stocks such as Bread Financial Holdings, OneMain Holdings, and American Express.

Currently, the analyst consensus on Synchrony Financial is a Moderate Buy with an average price target of $91.50, implying a 40.32% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $93.00 price target.

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Based on Synchrony Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $4.77 billion and a net profit of $751 million. In comparison, last year the company earned a revenue of $4.92 billion and had a net profit of $774 million

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